Winsome Inc

question 24

Multiple Choice

Winsome Inc. reports total assets and total liabilities of $225,000 and $100,000, respectively, at the conclusion of its first year of business. The company earned $75,000 during the first year and distributed $30,000 in dividends. What was the corporation's contributed capital?

• A) $95,000
• B) $125,000
• C) $80,000
• D) $50,000

Recognize the importance of adapting business strategies to international markets.

Understand the role and implications of host and home countries in international business.

Comprehend the significance of a PEST analysis in evaluating international business environments.

Understand the various modes of entering international markets, such as franchising, exporting, and joint ventures.

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Definitions:

Implied-In-Law Contracts

Implied-in-law contracts, also known as quasi-contracts, are contracts recognized by a court despite there being no agreement between the parties, to prevent unjust enrichment.

Unjust Enrichment

A legal principle that prohibits one person from being enriched at the expense of another in situations where the law demands restitution.

Contract

A legally binding agreement between two or more parties that outlines the terms and conditions of their arrangement and obligates them to comply with those terms.

Promises

Commitments or assurances by one party to another that certain actions will or will not be undertaken.